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Mutual Fund And Its Trend In
India
Made By
Mr. Vishal Narvekar
[SYBFM]
Introduction
• A Mutual Fund is a trust that pools the savings of a number of
investors who share a common financial goal.
• The money collected is invested in capital market instruments such
as shares, debentures etc.
• The income earned through these investments and the capital
appreciation realized are shared by its unit holders.
• The income earned is shared in proportion to the number of units
owned by them.
• It is most suitable investment for the common man as it offers an
opportunity to invest in a diversified, professionally managed
basket of securities at a relatively low cost.
Emergence of Mutual Fund in India
• Mutual funds in India began in 1964
• Unit Trust of India (UTI) was the first MF company
• Remains the market leader even today, Having about
68% of the market share
• Lost monopoly in 1987 With entry of public sector
mutual funds Promoted by public sector banks and
insurance companies
• Industry was open to foreign institutions in 1993
Trends Of Mutual Fund In India
• In 1963, finance minister Shri T. Krishnaswami gave the
idea of mutual funds.
• The origin of mutual fund industry in India is with the
introduction of the concept of mutual fund by UTI in
the year 1963.
• The first scheme launched by UTI was Unit Scheme in
1964.
• At the end of 1988 UTI had Rs.6,700 crores of assets
under management.
• Though the growth was slow, but it accelerated
from the year 1987 when non-UTI players
entered the industry.
• SBI Mutual Fund was the first non- UTI Mutual
Fund established in June 1987
– followed by:-
Punjab National Bank Mutual Fund (Aug 89),
Indian Bank Mutual Fund (Nov 89),
Bank of India (Jun 90),
Bank of Baroda Mutual Fund (Oct 92)
• The private sector entry to the MF rose the AUM
to Rs. 470 bn in March 1993.
• The 1993 SEBI (Mutual Fund) Regulations were substituted by a
more comprehensive and revised Mutual Fund Regulations in 1996.
• The industry now functions under the SEBI (Mutual Fund)
Regulations 1996.
• The number of mutual fund houses went on increasing, with many
foreign mutual funds setting up funds in India.
• The industry has also witnessed several mergers and acquisitions.
• At the end of January 2003, there were 33 mutual funds with total
assets of Rs. 1,21,805 crores.
• The Unit Trust of India was having highest Rs.44,541 crores of assets
under management in year 2003.
• SEBI Removed Entry Load in MF on 1 August,
2009
• Introduction of Purchase/Sale facility through
Stock Exchanges November, 2009
• National Stock Exchange (NSE) launched
India's first Mutual Fund Service System
(MFSS) on November 30, 2009 through which
an investor can subscribe or redeem units of a
mutual fund scheme
Advantage of
Mutual Fund
Diversification
Economies of Scale
Divisibility
Liquidity
Professional Management
The Bottom Line
Disadvantages of
Mutual Fund
Fluctuating Returns
Diversification
Cash, Cash & More Cash
Costs
Misleading Advertisements
Evaluating Funds
Schemes of Mutual Fund
By Structure
Open Ended Mutual Funds
Close Ended Mutual Funds
By Objective
Income Oriented Schemes
Growth Oriented Schemes
High Growth Schemes
Hybrid Schemes
Tax Saving Schemes
Money Market Mutual Funds
Process of Mutual Fund
Investors
Fund ManagerSecurities
Returns
Pool their money
with
Invest in
Generates
Pass it to
Organisation of a Mutual Fund
FUND SPONSPOR/SETTLOR
KOTAK MAHINDRA FINANCE LTD.
UNIT HOLDERS
TRUSTEE
KOTAK
MAHINDRA
TRUSTEE CO. LTD.
INVESTMENT
MANAGER &
ADVISOR
KOTAK MAHINDRA ASSET
MANAGEMENT CO. LTD.
TRUST
KOTAK MAHINDRA MUTUAL FUND
INVESTMENT MANAGER & ADVISOR
KOTAK MAHINDRA ASSET
MANAGEMENT CO. LTD.
APPOINTS
•CUSTODIANS
•REGISTRARS
• BANK
•DISTRIBUTORS
Investment Avenues of Mutual
Fund
Equity Fund
Debt Fund
Index Fund
Sectoral Fund
Diversified Fund
Gold ETF
Regulatory Body of Mutual Fund
• AMFI (Association of Mutual Fund in India),
the apex body of all the registered Asset
Management Companies.
• Was incorporated on August 22, 1995, as a
non-profit organisation.
• As of now, all the 44 Asset Management
Companies that are registered with SEBI, are
its members.
Restrictions on investments by
Mutual Funds
• Investment in debts instruments (rated below
Investment) shall not exceed 15% of NAV
• Debt instruments issued by a single issuer only up to
10% of the NAV
• Not more than 10% of the paid up capital in any Co.
• Issue expenses shall not exceed 6% of the fund
• No investment in unlisted associate company
Growth In Asset Under Management
0
100000
200000
300000
400000
500000
600000
700000
Re.(crores)
Years
Source: AMFI website
Valuation of NAV
Total Market Value of the Assets /Securities in the
Portfolio of the Fund – All Liabilities
NAV = -------------------------------------------------------
Number of fund’s units outstanding
Major Mutual Fund Companies in
India & Comparison
Birla Sun
Life
Mutual
Fund
HDFC
Mutual
Fund
ICICI
Prudential
Mutual
Fund
Reliance
Mutual
Fund
UTI
Mutual
Fund
Conclusion
Mutual fund industry is one of the fastest
growing industry in India and it has already
established in foreign countries. Investing in
Mutual Funds is more safe as compared to
equity as well as it give handsome returns.
Sources
• http://www.amfiindia.com
• http://www.investopedia.com
• http://www.livemint.com/Leisure/7geeBIScf3
HZAN8M5marTJ/5-top-mutual-fund-
houses.html
• http://www.preservearticles.com/201203312
9506/short-notes-on-organisation-of-mutual-
funds.html
Thank Y u…!!!

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Mutual fund & indian trends in mutual funds

  • 1. Mutual Fund And Its Trend In India Made By Mr. Vishal Narvekar [SYBFM]
  • 2. Introduction • A Mutual Fund is a trust that pools the savings of a number of investors who share a common financial goal. • The money collected is invested in capital market instruments such as shares, debentures etc. • The income earned through these investments and the capital appreciation realized are shared by its unit holders. • The income earned is shared in proportion to the number of units owned by them. • It is most suitable investment for the common man as it offers an opportunity to invest in a diversified, professionally managed basket of securities at a relatively low cost.
  • 3. Emergence of Mutual Fund in India • Mutual funds in India began in 1964 • Unit Trust of India (UTI) was the first MF company • Remains the market leader even today, Having about 68% of the market share • Lost monopoly in 1987 With entry of public sector mutual funds Promoted by public sector banks and insurance companies • Industry was open to foreign institutions in 1993
  • 4. Trends Of Mutual Fund In India • In 1963, finance minister Shri T. Krishnaswami gave the idea of mutual funds. • The origin of mutual fund industry in India is with the introduction of the concept of mutual fund by UTI in the year 1963. • The first scheme launched by UTI was Unit Scheme in 1964. • At the end of 1988 UTI had Rs.6,700 crores of assets under management.
  • 5. • Though the growth was slow, but it accelerated from the year 1987 when non-UTI players entered the industry. • SBI Mutual Fund was the first non- UTI Mutual Fund established in June 1987 – followed by:- Punjab National Bank Mutual Fund (Aug 89), Indian Bank Mutual Fund (Nov 89), Bank of India (Jun 90), Bank of Baroda Mutual Fund (Oct 92) • The private sector entry to the MF rose the AUM to Rs. 470 bn in March 1993.
  • 6. • The 1993 SEBI (Mutual Fund) Regulations were substituted by a more comprehensive and revised Mutual Fund Regulations in 1996. • The industry now functions under the SEBI (Mutual Fund) Regulations 1996. • The number of mutual fund houses went on increasing, with many foreign mutual funds setting up funds in India. • The industry has also witnessed several mergers and acquisitions. • At the end of January 2003, there were 33 mutual funds with total assets of Rs. 1,21,805 crores. • The Unit Trust of India was having highest Rs.44,541 crores of assets under management in year 2003.
  • 7. • SEBI Removed Entry Load in MF on 1 August, 2009 • Introduction of Purchase/Sale facility through Stock Exchanges November, 2009 • National Stock Exchange (NSE) launched India's first Mutual Fund Service System (MFSS) on November 30, 2009 through which an investor can subscribe or redeem units of a mutual fund scheme
  • 8. Advantage of Mutual Fund Diversification Economies of Scale Divisibility Liquidity Professional Management The Bottom Line
  • 9. Disadvantages of Mutual Fund Fluctuating Returns Diversification Cash, Cash & More Cash Costs Misleading Advertisements Evaluating Funds
  • 10. Schemes of Mutual Fund By Structure Open Ended Mutual Funds Close Ended Mutual Funds By Objective Income Oriented Schemes Growth Oriented Schemes High Growth Schemes Hybrid Schemes Tax Saving Schemes Money Market Mutual Funds
  • 11. Process of Mutual Fund Investors Fund ManagerSecurities Returns Pool their money with Invest in Generates Pass it to
  • 12. Organisation of a Mutual Fund FUND SPONSPOR/SETTLOR KOTAK MAHINDRA FINANCE LTD. UNIT HOLDERS TRUSTEE KOTAK MAHINDRA TRUSTEE CO. LTD. INVESTMENT MANAGER & ADVISOR KOTAK MAHINDRA ASSET MANAGEMENT CO. LTD. TRUST KOTAK MAHINDRA MUTUAL FUND
  • 13. INVESTMENT MANAGER & ADVISOR KOTAK MAHINDRA ASSET MANAGEMENT CO. LTD. APPOINTS •CUSTODIANS •REGISTRARS • BANK •DISTRIBUTORS
  • 14. Investment Avenues of Mutual Fund Equity Fund Debt Fund Index Fund Sectoral Fund Diversified Fund Gold ETF
  • 15. Regulatory Body of Mutual Fund • AMFI (Association of Mutual Fund in India), the apex body of all the registered Asset Management Companies. • Was incorporated on August 22, 1995, as a non-profit organisation. • As of now, all the 44 Asset Management Companies that are registered with SEBI, are its members.
  • 16. Restrictions on investments by Mutual Funds • Investment in debts instruments (rated below Investment) shall not exceed 15% of NAV • Debt instruments issued by a single issuer only up to 10% of the NAV • Not more than 10% of the paid up capital in any Co. • Issue expenses shall not exceed 6% of the fund • No investment in unlisted associate company
  • 17. Growth In Asset Under Management 0 100000 200000 300000 400000 500000 600000 700000 Re.(crores) Years Source: AMFI website
  • 18. Valuation of NAV Total Market Value of the Assets /Securities in the Portfolio of the Fund – All Liabilities NAV = ------------------------------------------------------- Number of fund’s units outstanding
  • 19. Major Mutual Fund Companies in India & Comparison Birla Sun Life Mutual Fund HDFC Mutual Fund ICICI Prudential Mutual Fund Reliance Mutual Fund UTI Mutual Fund
  • 20. Conclusion Mutual fund industry is one of the fastest growing industry in India and it has already established in foreign countries. Investing in Mutual Funds is more safe as compared to equity as well as it give handsome returns.
  • 21. Sources • http://www.amfiindia.com • http://www.investopedia.com • http://www.livemint.com/Leisure/7geeBIScf3 HZAN8M5marTJ/5-top-mutual-fund- houses.html • http://www.preservearticles.com/201203312 9506/short-notes-on-organisation-of-mutual- funds.html